Gold to Replace the US Dollar? India, China Beef Up Reserves | Vantage with Palki Sharma

Gold to Replace the US Dollar? India, China Beef Up Reserves | Vantage with Palki Sharma

In a significant global surge, gold prices have hit an all-time high. Central Banks across the world are now buying gold. China has emerged as a leading buyer of the metal. Since November 2022, China's central bank has engaged in heavy buying. India too has been building up its gold reserve. As of January 2024, India's Reserve Bank of India has 800 tonnes of gold in its reserve. Banks are rushing towards gold investments to diversify their reserves, and to avoid the dependability on one currency. Is gold a suitable replacement to the US dollar? Palki Sharma tells you more.

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Gold | India | China | US Dollar | De-Dollarization | Firstpost | World News | Vantage | Palki Sharma

#gold #india #china #usdollar #dedollarization #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[stanleyzac]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[sarawilliam]

Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

[CrystalJoy-]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge my portfolio against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[titasdhar]

Gold is the real wealth.
Gold is the real money.
If you will wish to survive, then saving money in the form of Gold.

[tharinduvitharana]

US is printing dollars endlessly...
National debt will pass 35 Trillion soon.. Buying gold is a real win for public... Inflation will eat you alive unless you have some real wealth like gold...

[shellywhite]

What are the best additions to a $500k portfolio to boost performance? ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets.

[deepakshetty]

Chinese central bank is smart, they could see the economic turmoil. So they are buying gold, do not misinterpret Chinese central bank action.

[sanket_o]

Gold and sliver is real money, paper money is just fiat currency..

[ssaligrama]

India should peg Rupee to gold too. Most Indians own gold in the form of jewellery. Zimbabwe knows it better about the paper money backed by nothing and recently created a new currency backed by gold.

[NatiaMaisuradze-eyiq]

You can't deny the cyclical nature of financial markets. Artur Grandi's book gives you a roadmap for stabilizing investments and dives into potential investment avenues, such as cryptocurrencies.

[PaunBTMakedonski]

Well done, you CAN'T PRINT GOLD the way they print dollars ( not covered by gold)

[duprog]

I'm certain that the value of gold is going to go up, particularly if more countries are to bring back the convertibility of their currency to gold. If the US does it to protect its position as leader of the world, there is going to be an unlimited demand for it and it is impossible to predict what would be the stabilization point at this time.

[ALWH]

China gold reserve is only 20% of US reserve. This is extremely risky to keep large amount of US dollars not just afraid of being confiscated but also the crash of dollar value.

[Robby]

With all the talk about gold potentially replacing the US dollar and India and China beefing up their reserves, I'm feeling a bit uncertain about my investment strategy.

[jimg]

The whole world can no longer continue to be dictated to and bullied by one country printing papers for trade. This must change

[iammarwa]

And when Zimbabwe does Gold Backed Currency the same network says it can't work !!!

[timosgeorgakopoulos]

Hello from Greece, I discover your YouTube channel recently. You channel and the work made by it's journalists, especially Palki Sharma it's exceptional. Well done, independent journalism. I have been to India ten years ago in the city of Amritsar. I want to see the Indian giant take the place it belongs between the advanced nations of the world. India has a remarkable history.

[manishg]

Indians have more gold than any other country. The central government reserves may be limited, but nobody knows how much gold the citizens of India have. It runs into trillions!! ❤

[sarathdassanaike]

Gold Diamonds and Emeralds were the oldest trade money value exchange for raw or finished goods in Asian countries later in middle Eastern countries
This practice was in Mahabharata and in Sri Lanka

[MSDGroup-ezzk]

The option for the world is only two, keep oil but the USA will use it as its weapon to keep the USD expensive thus it keeps its hegemony or just use Gold.